The State Assets Management Agency of the republic of Uzbekistan

A press conference of the State Assets Management Agency was held at the Content Preparation Center for Mass Media, focusing on the Agency’s performance results for the first nine months of 2026, the new stage of privatization, and changes in the regulation of real estate brokerage activities.

More than 40 representatives of mass media outlets and bloggers attended the event. The main presentation was delivered by Sohibjon Murodov, Director of the State Assets Management Agency.

In his address, the Director noted that Uzbekistan is consistently implementing measures to reduce the state’s presence in the economy, expand opportunities for the private sector, and attract investment.

In particular, the results of the privatization of major state-owned assets were highlighted. The state’s share in Coca-Cola Uzbekistan was sold for US$252 million, Farg‘onaazot for US$140 million, while the 75.2% state stake in Samarkand Automobile Factory was sold for US$80 million.

Particular attention was given to the implementation of Presidential Decree
No. PD-177 of the Republic of Uzbekistan, aimed at further reducing state participation in the economy and accelerating privatization processes.

Under the Decree, in 2026, state-owned stakes in 84 companies, 1,242 real estate properties, and 8,000 hectares of land are scheduled to be put up for sale.

The Decree also provides for the termination or reorganization of 85 state-owned enterprises, as well as the sale of state-owned assets, assets of enterprises with state participation, and land plots with a total value of approximately UZS 100 trillion. Privatization is expected to generate at least UZS 14 trillion in budget revenues.

As part of the new stage of privatization, additional mechanisms are being introduced to accelerate the placement of state-owned assets on the market, expand opportunities for investors and entrepreneurs, and improve the efficiency of state property management.

The press conference also presented the results of work on the privatization of land plots.

Since the beginning of 2026, 2,800 hectares of land have been sold to entrepreneurs through 11,796 lots, with a total value of UZS 4.7 trillion.

In addition, as part of the privatization of land plots held by individuals and legal entities, more than 36,500 land plots, with a total area of 3,509 hectares, have been privatized.

The Director also presented information on the operation of the electronic trading platform and the new opportunities available to entrepreneurs and individuals when acquiring state-owned assets and land plots. Another key topic of the press conference was the new regulatory framework for real estate brokerage activities.

It was noted that on 7 August 2026, the Law “On Real Estate Brokerage Activities” was adopted. The law is aimed at developing the real estate brokerage services market and increasing its transparency and professionalism.

Under the law, the State Assets Management Agency has been designated as the authorized state body responsible for regulating real estate brokerage activities.
The new framework provides for the establishment of a single open register of real estate brokers and brokerage organizations, requirements for professional training and qualification certification of specialists, as well as the introduction of national standards for real estate brokerage services.

One of the key innovations will be the introduction of a multiple listing system (MLS), which will make it possible to consolidate information on real estate properties within a single electronic system and facilitate information exchange among real estate brokers. The system is expected to contribute to greater transparency, competition, and accessibility of information in the real estate market.

At the conclusion of the press conference, representatives of the Agency answered questions from journalists and bloggers regarding privatization, the sale of land plots, the operation of electronic auctions, and the new regulatory framework for the real estate market.

Press Service
of the State Assets Management Agency